Driving the children to school today I heard a commercial for a title loan on your car. The premise of the commercial is: why would you go and get a job paying money, even one you don’t like, when you can just go and get a title loan on your car and get the money that you need. Every inch of my brain screams out at this. Haven’t we gotten into enough trouble in this world borrowing money and not honestly working for it? Yet these companies are continuing to promote that lifestyle. A world of excess, living outside our means and not working for our income.
We as citizens are expected to earn a living and pay our bills, where is the responsibility of the bankers and large corporations for making honest deals. I don’t call advertising to borrow money on your car an honest deal, especially when they make it seem that the money doesn’t have to be paid back. Wake up America!!!! Take responsibility for your actions. Don’t buy it if you don’t have the cash and if you need money go and work for it, let’s stop borrowing money to only dig ourselves deeper in debt.
Let’s look at the credit reporting agencies too. They want you to get more credit cards to improve your credit score. What happens when you don’t have quite enough money coming in to live. Maybe you are just $100 short every month. You are tempted to charge the medicine you need, or you have to have TV so you charge the bill every month. What do you do when you reach your max? How do you pay down the card? Not only do you owe more on the card, but you can’t pay what bills you have. The cycle perpetuates, you credit score drops and you owe even more money. Quicksand!
Consider an alternate option. It is really a simple one. Cancel the TV service. Then all of your bills are paid and you don’t need to have that credit card. Stash away a cash reserve for the emergencies. Stay cash! If you have the cash buy it, if you don’t leave it. Your credit score will still drop but at least you can afford to live. Why is a credit score so important anyway? It is so that the large banks can make more money. We have been fooled into thinking that we need credit in our lives. We don’t!
I know it is difficult when you don’t have enough money coming in to cover he bills. I know that constantly being hounded by creditors is tiring and makes everything difficult. But ultimately how did we as a society get into this pickle? We borrowed too much money to support a life we couldn’t afford and we couldn’t pay it back. Many of us will be paying it back for decades to come. Wake up and smell the coffee, or the shit from the shit storm. We made this mess and only we can clean it up. Personal responsibility is part of what will clean it up. Going back to a cash based life is part of that responsibility.
Most of all stop these commercials that glamorize debt. Come on!! It’s time to wake up!